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Victims of the fraudster Bernard Madoff are set to receive another $695.3m from a government compensation fund, the Department of Justice announced on Thursday. The payout  the third made by the MadoffVictim Fund  will be distributed starting Thursday to 27,000 victims of the infamous scammer around the world. It will bring

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The Madoff Victim Fund has made the third in a series of payments to victims of the Ponzi scheme by the former financier Bernie Madoff, seen here in a 2009 file photo Victims of Bernie Madoff's multi-billion-dollar fraud, who lost their savings when the Ponzi scheme collapsed in 2008, are receiving additional compensation, bringing the total payout so far to nearly $2 billion,...

More New York University invested money with hedge fund operator Ezra Merkin unaware that his two funds, Ascot Partners LP and Ascot Fund Ltd. were just feeder funds Madoff used to finance the Ponzi scheme. Merkin lost $110 million of his own money and claims he was unaware of the fraud. His funds’ exposure to Madoff was just a small part of a much larger calamity. Other feeder...

For years, Bernie Madoff was a well-respected leader of the investment community, a giant to anyone that followed Wall Street. But in 2008, he went from master financier to household name when he was arrested and his empire was revealed to be the biggest Ponzi scheme in history. It's been 10 full years since Madoff's arrest, but people are still sorting through the aftermath of...

You may have heard of Wall Street scammer Bernard "Bernie" Madoff, who ripped off investors for the colossal sum of $64.8 billion. What you may not know? His crimes lasted roughly 45 years, according to FBI agents now speaking publicly about the case for the first time, a decade after Madoff's arrest. Special Agent Patrick J. Duffy of the Federal Bureau of Investigation helped...

You may have heard of Wall Street scammer Bernard "Bernie" Madoff, who ripped off investors for the colossal sum of $64.8 billion. What you may not know? His crimes lasted roughly 45 years, according to FBI agents now speaking publicly about the case for the first time, a decade after Madoff's arrest. Special Agent Patrick J. Duffy of the Federal Bureau of Investigation helped...

More The trustee says there were originally 16,500 claims filed to receive recovered Madoff funds but only a little more than 2,600 of them have been allowed to proceed. The allowed claims are referred to as “net losers”, accounts that withdrew less from Madoff’s firm than they invested. In some cases, they never withdrew anything. Picard’s team has recovered $13.3 billion of...

Bernie Madoff 10 Years Later: Ep. 1 | Madoff Behind Bars

published:10 Dec 2018

Bernie Madoff 10 Years Later: Ep. 1 | Madoff Behind Bars

Bernie Madoff 10 Years Later: Ep. 1 | Madoff Behind Bars

published:10 Dec 2018

views:41676

A three part original podcast series. It’s one of the greatest lies ever sold, a $65 billion fraud. For the past decade, Bernie Madoff — locked away from the world as he serves a 150-year prison sentence — has been the face of greed.
That’s not the end of the story. CNBC special correspondent Scott Cohn and American Greed executive producer Chuck Schaeffer go “behind bars” to uncover the Madoff of today, from the lawyers and investigators to the victims. Our first episode goes inside the mind of the world’s most notorious con man. Who is the Madoff of today? What makes him tick?
Subscribe to the American Greed Podcast wherever you listen:
» Subscribe on Apple Podcasts: https://itunes.apple.com/us/podcast/american-greed-podcast/id1434896760?mt=2
» Subscribe on Google Podcasts: https://play.google.com/music/listen#/ps/Ipwmm73wl2r6yml247wzjd25g3a
» Subscribe on iHeart: https://www.iheart.com/podcast/1082-American-Greed-Podcast
» Subscribe on Spotify: https://open.spotify.com/show/6ZjMTI8YOBcgRfwxHzxJnJ?si=dKPc3Pq1TW-Zc8fNvDdayA
Binge watch your Greed here: https://www.cnbc.com/american-greed/
About American Greed: Scams, sex, and even murder all in the name of a perverted American dream. Enter a world where crime pays until you get caught. CNBC’s unprecedented original true-crime series, “American Greed”, takes you inside the amazing real-life stories of how some people will do anything for money. Narrated by award-winning stage, screen, and television actor Stacy Keach.
#CNBC
#AmericanGreed
#MadoffBehindBars...

Bernie Madoff 10 Years Later: Ep. 1 | Madoff Behind Bars

published:10 Dec 2018

views:41676

A three part original podcast series. It’s one of the greatest lies ever sold, a $65 billion fraud. For the past decade, Bernie Madoff — locked away from the world as he serves a 150-year prison sentence — has been the face of greed.
That’s not the end of the story. CNBC special correspondent Scott Cohn and American Greed executive producer Chuck Schaeffer go “behind bars” to uncover the Madoff of today, from the lawyers and investigators to the victims. Our first episode goes inside the mind of the world’s most notorious con man. Who is the Madoff of today? What makes him tick?
Subscribe to the American Greed Podcast wherever you listen:
» Subscribe on Apple Podcasts: https://itunes.apple.com/us/podcast/american-greed-podcast/id1434896760?mt=2
» Subscribe on Google Podcasts: https://play.google.com/music/listen#/ps/Ipwmm73wl2r6yml247wzjd25g3a
» Subscribe on iHeart: https://www.iheart.com/podcast/1082-American-Greed-Podcast
» Subscribe on Spotify: https://open.spotify.com/show/6ZjMTI8YOBcgRfwxHzxJnJ?si=dKPc3Pq1TW-Zc8fNvDdayA
Binge watch your Greed here: https://www.cnbc.com/american-greed/
About American Greed: Scams, sex, and even murder all in the name of a perverted American dream. Enter a world where crime pays until you get caught. CNBC’s unprecedented original true-crime series, “American Greed”, takes you inside the amazing real-life stories of how some people will do anything for money. Narrated by award-winning stage, screen, and television actor Stacy Keach.
#CNBC
#AmericanGreed
#MadoffBehindBars...

Bernie Madoff - Scamming Of America (FULL) Documentary

published:11 May 2017

Bernie Madoff - Scamming Of America (FULL) Documentary

Bernie Madoff - Scamming Of America (FULL) Documentary

published:11 May 2017

views:245918

The story of Bernie Madoff\'s colossal confidence scam and how it both reflected and contributed to the 2008 economic crash.
Bernard Lawrence \"Bernie\" Madoff (April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier.
He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history.
Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008.
The firm was one of the top market maker businesses on Wall Street, which bypassed \"specialist\" firms by directly executing orders over the counter from retail brokers.
He employed at the firm his brother Peter, as senior managing director and chief compliance officer; Peter\'s daughter Shana Madoff, as the firm\'s rules and compliance officer and attorney; and his sons Andrew and Mark.
Peter has since been sentenced to 10 years in prison and Mark committed suicide by hanging exactly two years after his father\'s arrest. Andrew died of lymphoma on September 3, 2014.
On December 10, 2008, Madoff\'s sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as describing it as \"one big lie\".
The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into Madoff\'s business pra...

Bernie Madoff - Scamming Of America (FULL) Documentary

published:11 May 2017

views:245918

The story of Bernie Madoff\'s colossal confidence scam and how it both reflected and contributed to the 2008 economic crash.
Bernard Lawrence \"Bernie\" Madoff (April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier.
He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history.
Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008.
The firm was one of the top market maker businesses on Wall Street, which bypassed \"specialist\" firms by directly executing orders over the counter from retail brokers.
He employed at the firm his brother Peter, as senior managing director and chief compliance officer; Peter\'s daughter Shana Madoff, as the firm\'s rules and compliance officer and attorney; and his sons Andrew and Mark.
Peter has since been sentenced to 10 years in prison and Mark committed suicide by hanging exactly two years after his father\'s arrest. Andrew died of lymphoma on September 3, 2014.
On December 10, 2008, Madoff\'s sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as describing it as \"one big lie\".
The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into Madoff\'s business pra...

CNBC's 2008 Coverage Of Bernie Madoff's Ponzi scheme

published:11 Dec 2018

CNBC's 2008 Coverage Of Bernie Madoff's Ponzi scheme

CNBC's 2008 Coverage Of Bernie Madoff's Ponzi scheme

published:11 Dec 2018

views:9113

As details were revealed of Bernie Madoff\'s Ponzi scheme in December 2008, CNBC covered the breaking news, the court proceedings and spoke with victims of his scam.
Looking back, Bernard Madoff\'s investors vividly recall the shock when they learned they were victims of the biggest con man of all time.
\"It was disbelief. It was distrust. I mean this man was highly recommended,\" said Ilene Kent of Columbus, Georgia, who said her elderly parents lost three-quarters of their net worth in the $65 billion fraud.
\"I trusted him because he\'d been managing my daughters\' college funds since the 1970s,\" said Joyce Greenberg, a stockbroker who is now retired and living in Houston. By 2008, her Madoff account balance had grown into millions of dollars.
\"I absolutely thought it was gone with the wind,\" Greenberg said.
For customers like Greenberg and the Kents, the shock of Madoff\'s arrest on Dec. 11, 2008, quickly turned into action as they moved to sort out what had happened and what, if anything, they could recover. But that is where their stories diverge.
The outcomes for Madoff\'s victims — as many as 37,000 people in 136 countries — vary widely. They are the result of a deeply controversial process for unwinding the fraud that is still playing out to this day, having set precedents — and cautionary tales — for scandals to come.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From \'Wall Street\' to \'Main Street\' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive vide...

CNBC's 2008 Coverage Of Bernie Madoff's Ponzi scheme

published:11 Dec 2018

views:9113

As details were revealed of Bernie Madoff\'s Ponzi scheme in December 2008, CNBC covered the breaking news, the court proceedings and spoke with victims of his scam.
Looking back, Bernard Madoff\'s investors vividly recall the shock when they learned they were victims of the biggest con man of all time.
\"It was disbelief. It was distrust. I mean this man was highly recommended,\" said Ilene Kent of Columbus, Georgia, who said her elderly parents lost three-quarters of their net worth in the $65 billion fraud.
\"I trusted him because he\'d been managing my daughters\' college funds since the 1970s,\" said Joyce Greenberg, a stockbroker who is now retired and living in Houston. By 2008, her Madoff account balance had grown into millions of dollars.
\"I absolutely thought it was gone with the wind,\" Greenberg said.
For customers like Greenberg and the Kents, the shock of Madoff\'s arrest on Dec. 11, 2008, quickly turned into action as they moved to sort out what had happened and what, if anything, they could recover. But that is where their stories diverge.
The outcomes for Madoff\'s victims — as many as 37,000 people in 136 countries — vary widely. They are the result of a deeply controversial process for unwinding the fraud that is still playing out to this day, having set precedents — and cautionary tales — for scandals to come.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From \'Wall Street\' to \'Main Street\' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive vide...

Ten years ago this month, New York investor Bernard Madoff was arrested and accused of masterminding a Ponzi scheme which saw him take millions of dollars from wealthy clients. One of his clients, Maureen Ebel, invested more than $5 million with him and lost her entire life savings. Ebel, who was used to living a comfortable life with homes in Florida and Pennsylvania, turned to cleaning houses to keep her head above water....

Ten years ago this month, New York investor Bernard Madoff was arrested and accused of masterminding a Ponzi scheme which saw him take millions of dollars from wealthy clients. One of his clients, Maureen Ebel, invested more than $5 million with him and lost her entire life savings. Ebel, who was used to living a comfortable life with homes in Florida and Pennsylvania, turned to cleaning houses to keep her head above water....

Ruth Madoff's Life Today Is Pretty Sad

published:29 Jun 2017

Ruth Madoff's Life Today Is Pretty Sad

Ruth Madoff's Life Today Is Pretty Sad

published:29 Jun 2017

views:1078828

If you\'re new, Subscribe! → http://bit.ly/Subscribe-to-Nicki-Swift
When Bernie Madoff\'s investment firm turned out to be a giant Ponzi scheme, the world watched in shock as his family\'s lavish lifestyle crumbled, and thousands of clients he had swindled were left with virtually nothing. At the center of it all were his sons, who turned their father over to law enforcement in 2008, and his wife, Ruth Madoff, who maintained that she was unaware of any illegal activity. In the years that passed, Ruth practically disappeared from the spotlight altogether. Here\'s how she\'s getting by today...
Let\'s make a deal | 0:32
Attempted suicide | 1:12
Losing her family | 1:48
Change of address | 2:47
The HBO project | 3:33
Public harassment | 4:32
Read more here → http://www.nickiswift.com/67261/whatever-happened-ruth-madoff/
Celebrity Secrets
https://www.youtube.com/playlist?list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
The Real Reason Alicia Keys Stopped Wearing Makeup
https://www.youtube.com/watch?v=wzTW8zZO0ho&index=49&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
4 Strange Secrets Will Smith\'s Family Tried To Hide
https://www.youtube.com/watch?v=cX86Atq_V88&index=13&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Why Hollywood Dropped Catherine Zeta-Jones
https://www.youtube.com/watch?v=4GXwlP2mcQI&index=16&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Stars Who Are Only In Relationships For The Money
https://www.youtube.com/watch?v=2VijeFBYcho&index=39&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Celebrities Who Treat Their Employees Like Trash
https://www.youtube.com/watch?v=SlWnuydNmSw&index=2&list=PLd...

Ruth Madoff's Life Today Is Pretty Sad

published:29 Jun 2017

views:1078828

If you\'re new, Subscribe! → http://bit.ly/Subscribe-to-Nicki-Swift
When Bernie Madoff\'s investment firm turned out to be a giant Ponzi scheme, the world watched in shock as his family\'s lavish lifestyle crumbled, and thousands of clients he had swindled were left with virtually nothing. At the center of it all were his sons, who turned their father over to law enforcement in 2008, and his wife, Ruth Madoff, who maintained that she was unaware of any illegal activity. In the years that passed, Ruth practically disappeared from the spotlight altogether. Here\'s how she\'s getting by today...
Let\'s make a deal | 0:32
Attempted suicide | 1:12
Losing her family | 1:48
Change of address | 2:47
The HBO project | 3:33
Public harassment | 4:32
Read more here → http://www.nickiswift.com/67261/whatever-happened-ruth-madoff/
Celebrity Secrets
https://www.youtube.com/playlist?list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
The Real Reason Alicia Keys Stopped Wearing Makeup
https://www.youtube.com/watch?v=wzTW8zZO0ho&index=49&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
4 Strange Secrets Will Smith\'s Family Tried To Hide
https://www.youtube.com/watch?v=cX86Atq_V88&index=13&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Why Hollywood Dropped Catherine Zeta-Jones
https://www.youtube.com/watch?v=4GXwlP2mcQI&index=16&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Stars Who Are Only In Relationships For The Money
https://www.youtube.com/watch?v=2VijeFBYcho&index=39&list=PLdEKZTDH6MLEDYWRQhQ53Bl7e0o71_l0I
Celebrities Who Treat Their Employees Like Trash
https://www.youtube.com/watch?v=SlWnuydNmSw&index=2&list=PLd...

The Madoff Affair

The Madoff Affair

How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ

published:16 Jul 2015

How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ

How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ

published:16 Jul 2015

views:283598

“Let’s um, have sex or something…it’s free.” Kevin Bacon reveals how he and wife, Kyra Sedgwick, survived after losing their money to Bernie Madoff.
Still haven’t subscribed to GQ on YouTube? ►► http://bit.ly/2iij5wt
ABOUT GQ
For more than 50 years, GQ has been the premier men’s magazine, providing definitive coverage of style, culture, politics and more. In that tradition, GQ’s video channel covers every part of a man’s life, from entertainment and sports to fashion and grooming advice. So join celebrities from 2 Chainz, Stephen Curry and Channing Tatum to Amy Schumer, Kendall Jenner and Kate Upton for a look at the best in pop culture. Welcome to the modern man’s guide to style advice, dating tips, celebrity videos, music, sports and more.
https://www.youtube.com/user/GQVideos
How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ...

How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ

published:16 Jul 2015

views:283598

“Let’s um, have sex or something…it’s free.” Kevin Bacon reveals how he and wife, Kyra Sedgwick, survived after losing their money to Bernie Madoff.
Still haven’t subscribed to GQ on YouTube? ►► http://bit.ly/2iij5wt
ABOUT GQ
For more than 50 years, GQ has been the premier men’s magazine, providing definitive coverage of style, culture, politics and more. In that tradition, GQ’s video channel covers every part of a man’s life, from entertainment and sports to fashion and grooming advice. So join celebrities from 2 Chainz, Stephen Curry and Channing Tatum to Amy Schumer, Kendall Jenner and Kate Upton for a look at the best in pop culture. Welcome to the modern man’s guide to style advice, dating tips, celebrity videos, music, sports and more.
https://www.youtube.com/user/GQVideos
How Kevin Bacon Survived Bernie Madoff’s Ponzi Scheme | GQ...

A three part original podcast series. It’s one of the greatest lies ever sold, a $65 billion fraud. For the past decade, Bernie Madoff — locked away from the world as he serves a 150-year prison sentence — has been the face of greed.
That’s not the end of the story. CNBC special correspondent Scot

The story of Bernie Madoff\'s colossal confidence scam and how it both reflected and contributed to the 2008 economic crash.
Bernard Lawrence \"Bernie\" Madoff (April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier.
He is the former non-executive chairma

Bernie Madoff is infamous for his Ponzi scheme that\'s been unraveled for nearly 10 years now. This video provides a simple overview of the scandal. What was happening, how he did it, the aftermath and consequences, along with a 2018 update.
The Enron Scandal: https://youtu.be/hwollZoVmUc
Twitter:

As details were revealed of Bernie Madoff\'s Ponzi scheme in December 2008, CNBC covered the breaking news, the court proceedings and spoke with victims of his scam.
Looking back, Bernard Madoff\'s investors vividly recall the shock when they learned they were victims of the biggest con man of all ti

Ten years ago this month, New York investor Bernard Madoff was arrested and accused of masterminding a Ponzi scheme which saw him take millions of dollars from wealthy clients. One of his clients, Maureen Ebel, invested more than $5 million with him and lost her entire life savings. Ebel, who was us

If you\'re new, Subscribe! → http://bit.ly/Subscribe-to-Nicki-Swift
When Bernie Madoff\'s investment firm turned out to be a giant Ponzi scheme, the world watched in shock as his family\'s lavish lifestyle crumbled, and thousands of clients he had swindled were left with virtually nothing. At the cent

“Let’s um, have sex or something…it’s free.” Kevin Bacon reveals how he and wife, Kyra Sedgwick, survived after losing their money to Bernie Madoff.
Still haven’t subscribed to GQ on YouTube? ►► http://bit.ly/2iij5wt
ABOUT GQ
For more than 50 years, GQ has been the premier men’s magazine, p